Trump rally powers on; ECB decision; Russia's Rosneft deal

1. Trump rally powers on: The Dow has climbed a stunning 1,200 points in the month since Donald Trump's election victory. The index is now within striking distance -- roughly 500 points -- from the 20,000 point milestone.

Investors are hoping that Trump will boost business and help accelerate the U.S. economy with a fiscal stimulus program.

Transport, financial and infrastructure stocks are the biggest winners of the rally.

2. Super Mario strikes again: The European Central Bank announced Thursday it will extend its bond buying program until December 2017.

That's much longer than investors had anticipated. But the bank also said it will decrease the scale of its bond purchases from €80 billion ($86 billion) a month to €60 billion ($64 billion) a month starting in April.

The euro initially gained against the dollar, but quickly reversed course.